The Primera Division side have announced a record income over last term, as their net debt has fallen to £99.9 million
This is the highest figure earned by an international sports institution, and los Blancos have become the first club to surpass the €500m (£400m) barrier in the sports industry.
Members’ contributions, from both annual membership and tickets, account for 9.5% of the total income.
This decrease is put down to increased costs arising on the security front, changes in tax regulations, hedging of contingencies and risks derived from the evolution of the economic context, as well as increased amortisation expenses from investments made.
However, the club's net debt has still dropped by 26.5%, to €124.7m (£99.9m).
Estimated income for the 2012-13 campaign is €516.6m (£414.1m), with net earnings of about €24.4m (£19.5m).